Members’ Contribution Sample Clauses

Members’ Contribution. Pursuant to the Contribution Agreement, the Initial Member made a Capital Contribution to the Company in an amount equal to the Initial Member Capital Contribution. In connection with the Transferred LLC Interest Sale Agreement, Private Owner acquired from the Initial Member the Transferred LLC Interest representing a forty percent (40)% equity interest in the Company in exchange for the Transferred LLC Interest Sale Price. After giving effect to the foregoing transactions, (and to the Capital Contributions referenced in Section 5.2 below), the respective Capital Accounts of the Initial Member and the Private Owner as of the Closing Date are as set forth in the Annex I (the Member Schedule).
Sample 1Sample 2Sample 3See All (13)
AutoNDA by SimpleDocs
Members’ Contribution. Except as set out in this clause 6 and except for each Member’s obligation to contribute up to £100 to the assets of the Company if the Company is wound up while it is a Member or within one year after it ceases to be a Member, no Member shall (unless otherwise agreed) have any other obligation to provide funds to the Company.
Sample 1Sample 2Sample 3See All (4)
Members’ Contribution. Effective January each member, his membership in the plan shall contribute to the pension plan an amount equal to: of pensionable for the year. Effective January each member, during his membership in the plan shall contribute to the pension plan an amount equal to: of pensionable earnings for the year. A member’s contributions shall be deducted directly from salary and shall be deposited monthly the Pension Fund. No employee shall withdraw contribulions from the Pension Plan as long as is actively employed by the Company. A member shall not be entitled to a refund of to the Pension Plan a layoff period, except if recall rights have expired according to the Collective
Sample 1
Members’ Contribution. Pursuant to the Contribution Agreement, the Initial Member made a Capital Contribution to the Company in an amount equal to the Initial Member Capital Contribution. In connection with the Transferred LLC Interest Sale Agreement, Private Owner acquired from the Initial Member the Transferred LLC Interest representing a fifty percent (50)% equity interest in the Company in exchange for the Transferred LLC Interest Sale Price. After giving effect to the foregoing transactions, the respective Capital Accounts of the Initial Member and the Private Owner as of the Closing Date are as set forth in the Annex I (the Member Schedule).
Sample 1
Members’ Contribution. (a) The Members jointly and severally agree that, if one or more Key Employees do not execute Net Exercise Amendments within 10 days after the delivery of the Offering Memorandum to them, then if the Company shall determine to convert any Company Options held by such Key Employee into unit appreciation rights, the Members shall contribute to the Company prior to the Closing Date cash in an amount necessary to satisfy the Company's obligations under the applicable Net Appreciation Amendments entered into by such Key Employees or otherwise necessary to satisfy the Company's cash obligations, if any, to such Key Employees upon exercise of the Key Employees' Company Options prior to the Effective Time.
Sample 1
Members’ Contribution. MEMBERS contributions will be individual, based upon the budgeted employee payroll. Annually, at the anniversary of the contract, an audit will be conducted to determine the actual payroll and contribution for each MEMBER. Adjustments to projected contributions will be based upon the audit. Contribution rates approved by the TRUST will be used to determine standard contributions for each MEMBER. In a MEMBERS initial year, such MEMBERS experience modification, as established by the National Counsel of Compensation Insurance, will be used. If no modification rate has been established, the Claims Administrator will provide an experience modification factor.
Sample 1
Members’ Contribution. As a member you will have to pay a contribution. The amount of this contribution is determined by your employer, possibly in consultation with the trade unions. For 2022 the member’s contribution is 7.5% of the contribution base, this base being equal to the pensionable annual salary (with a maximum of € 54,200) minus an amount of € 16,200. The member’s contribution that you have to pay will be deducted from your gross monthly salary.
Sample 1
AutoNDA by SimpleDocs

Related to Members’ Contribution

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • ALLOCATION OF CONTRIBUTIONS You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Qualified Nonelective Contributions If the Employer, at the time of contribution, designates a contribution to be a qualified nonelective contribution for the Plan Year, the Advisory Committee will allocate that qualified nonelective contribution to the Qualified Nonelective Contributions Account of each Participant eligible for an allocation of that designated contribution, as specified in Section 3.04 of the Employer's Adoption Agreement. The Advisory Committee will make the allocation to each eligible Participant's Account in the same ratio that the Participant's Compensation for the Plan Year bears to the total Compensation of all eligible Participants for the Plan Year. The Advisory Committee will determine a Participant's Compensation in accordance with the general definition of Compensation under Section 1.12 of the Plan, as modified by the Employer in Sections 1.12 and 3.06 of its Adoption Agreement.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.